Submitted by TexasBob on October 22, 2017
I decided to get a quote from the new Insure My Tesla program underwritten by Liberty Mutual. I ran the quote for the two new Model 3s we have on order to replace our old 2011 Chevy Volt and the 2017 Subaru Outback which are currently insured by Chubb (excellent carrier, btw). Long story short, the new Teslas are less than half the cost of our current vehicles ($1,406 per year vs $3,012 for our current vehicles with Chubb).
I put the same coverages as much as possible:
Max all liabilities ($500k)
$500 deductible on collision
and I went with a $0 deductible on comprehensive for the Teslas vs a $500 deductible on the current Chubb policy because I am tired of paying out of pocket for those.
Crazy. A surprise $8k bonus value (5 years) for buying the Teslas. How awesome is that?!?